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Forex and Dow Jones recommended levels

Published 08/28/2008, 08:00 PM
August 29, 2008

GMT  04:50

EUR/USD

Today’s support: - 1.4670, 1.4647, 1.4625 and 1.4600 (main)

, where correction is possible. Break would give  1.4584, where correction also may be. Then follows 1.4568. Break of the latter would result in 1.4545. If a strong impulse, we would see 1.4529. Continuation will give 1.4501 and 1.4480.
Today’s resistance:  - 1.4762, 1.4794 and 1.4808(main). Break would give 1.4833, where a correction is possible. Then goes 1.4852. Break of the latter would result in 1.4873. If a strong impulse, we’d see 1.4887. Continuation will give 1.4903.

USD/JPY

Today’s support: - 108.90, 108.78 and 108.64(main). Break would bring 108.46, where correction is possible. Then 108.22. If a strong impulse, we would see 108.02. Continuation would give 107.78 and 107.56.
Today’s resistance: - 109.36, 109.58 and 109.72(main), where a correction may happen. Break would bring 110.03, where also a correction may be. Then 110.24. If a strong impulse, we would see 110.56 Continuation will give 110.70.

DOW JONES INDEX

Today’s support: - 11 666.27 and 11 632.34(main),
where a delay and correction may happen. Break of the latter will give 11 610.00, where correction also can be. Then follows 11 583.28. Be there a strong impulse, we would see 11 562.88. Continuation will bring  11 531.22 and 11 517.18.
Today’s resistance: - 11 749.22(main), where a delay and correction may happen. Break would bring 11 778.73, where a correction may happen. Then follows 11 795.63, where a delay and correction could also be. Be there a strong impulse, we’d see 11 833.00. Continuation would bring 11 846.24 and 11 877.88.

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